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Practice owner must analyze financials and revenue cycle frequently to manage the practice and improve its profitability. Such analysis is difficult because of data complexity and lack of easy access to data.

Steps

Examine **Operational Report**, which shows total claims and $ amounts submitted, paid, adjusted, written off, and failed and allows breakdown by cpt, payer, referral, or a combination of such dimensions. Examples:

Article Info

wikiHow is a “wiki,” similar to Wikipedia, which means that many of our articles are co-written by multiple authors. To create this article, 10 people, some anonymous, worked to edit and improve it over time. This article has also been viewed 13,658 times.